Why Is Wolfspeed Stock Jumping Today?

Key Points Last week, news that Wolfspeed would be exiting its Chapter 11 bankruptcy soon sent shares of the chipmaker flying. The plan includes clearing $4.6 billion in burdensome debt. 10 stocks we like better than Wolfspeed › Shares of Wolfspeed (NYSE: WOLF) are jumping on Tuesday, up 5.8% as of 3:06 p.m. ET. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.4% and 0.6%, respectively. After a brief correction yesterday, the chipmaker's stock is mo ...